4 Articles match "Balance","Instrument","Sales"

The Latest from RealtyTrac MORE
The Government Goes After Loan Officers
Most investors who bought these securities,” says the SEC, “lacked the cash or income to do so, but were urged by their brokers to raise the money to pay for the purchases and the monthly payments required for these products by refinancing their fixed-rate mortgages into subprime adjustable-rate negative amortization mortgages.” According to the SECs complaint “each defendant was a mortgage broker as well as a registered representative and collected compensation from the mortgage refinancings as well as the sales of securities. In making the sales, the brokers allegedly misrepresented
www.realtytrac.com - Tuesday, February 3, 2009
READ MORE
New York Versus Freddie Mac: Round One
You can guess what happens next: No subprime loans, no high cost loans, no buyers, no sales. According to The Language of Real Estate , “a holder-in-due-course enjoys a favored position with respect to the instrument because the maker cannot raise certain ‘personal defenses’ in refusing payment. The measure has a host of good features, but while the intent of the bill is plainly to bring balance to the lending process, making distant investors responsible for the acts and omissions of local lenders New York Versus Freddie Mac: Round One By Peter G. Miller  
www.realtytrac.com - Tuesday, February 3, 2009
READ MORE
Glossary of Foreclosure and Real Estate Terminology - Realtytrac
When recorded, it is the initial step in a Trustee’s Sale Proceeding. Notice of Trustee’s Sale A document which is mailed, advertised, posted and recorded. Among other information, it provides the date, time and location of the Trustee’s Sale and also contains a description of the property to be sold. Postponement A verbal announcement made at the time and place of the scheduled Trustee’s Sale. Check out our NEW Features! Login Why Join? FREE Trial Feedback Help
www.realtytrac.com - Tuesday, February 3, 2009
READ MORE
  • The Best from RealtyTrac MORE
  • Glossary of Foreclosure and Real Estate Terminology - Realtytrac
    When recorded, it is the initial step in a Trustee’s Sale Proceeding. Notice of Trustee’s Sale A document which is mailed, advertised, posted and recorded. Among other information, it provides the date, time and location of the Trustee’s Sale and also contains a description of the property to be sold. Postponement A verbal announcement made at the time and place of the scheduled Trustee’s Sale. Check out our NEW Features! Login Why Join? FREE Trial Feedback Help
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • And the Hits' Just Keep On Coming!
    The statement also explains the company’s need to write down more than $3 billion in various financial instruments including subprime mortgage-backed securities, highly leveraged financial commitments and fixed income credit trading. Ongoing weakness in the housing market, along with held-for-sale mortgages, net losses in the company’s trading securities portfolio and losses on investment grade mortgage-backed securities were cited as key contributors to the projected loss for the quarter. Countrywide. Citigroup.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • The Government Goes After Loan Officers
    Most investors who bought these securities,” says the SEC, “lacked the cash or income to do so, but were urged by their brokers to raise the money to pay for the purchases and the monthly payments required for these products by refinancing their fixed-rate mortgages into subprime adjustable-rate negative amortization mortgages.” According to the SECs complaint “each defendant was a mortgage broker as well as a registered representative and collected compensation from the mortgage refinancings as well as the sales of securities. In making the sales, the brokers allegedly misrepresented
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • New York Versus Freddie Mac: Round One
    You can guess what happens next: No subprime loans, no high cost loans, no buyers, no sales. According to The Language of Real Estate , “a holder-in-due-course enjoys a favored position with respect to the instrument because the maker cannot raise certain ‘personal defenses’ in refusing payment. The measure has a host of good features, but while the intent of the bill is plainly to bring balance to the lending process, making distant investors responsible for the acts and omissions of local lenders New York Versus Freddie Mac: Round One By Peter G. Miller  
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE